Summary - Self Improvement

A number of years ago I began indexing for an organization, and I decided to save some of

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

the more inspirational of the entries. This one is from the July, 1934, issue of this pa

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ticular publication. Again, I am amazed at the applicability of its principles, in whatev

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

r age we live. Mr. Babson (1875-1967) was an American statistician who founded two educat

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

onal institutions, Babson Institute (1919), located near Wellesley Hills, Massachusetts,

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

nd Webber College (1927), in Babson Park, Florida, which was a special training school fo

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

women interested in business careers. This should exclude him as a crackpot on crack and

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

pot! Given today’s climate of soiling the reputation of anyone who lived/lives by Christ

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

an principles, I feel the need to emphasize this. Of course Mr. Babson wouldn’t get away

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ith this today:

SOME GUIDING PRINCIPLES FOR US:

Roger Babson, the highest authority on

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

inance in America, has stated the following principles that should guide us in practical

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ffairs:

1. The Spirit of Jesus is the spirit of honesty, courage and service.

2. This i

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

the spirit that should be applied in that world of affairs we call business.

3. This is

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

to be done so that money gained should add to the wealth of the country, which could neve

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

r be by gambling stock manipulation, or any unfair or dishonest method.

4. The Spirit of

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

Jesus will demand that our dealing with our fellow men will make for their comfort and ha

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

piness.

5. The productivity of man depends more upon the spiritual life than upon physic

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

l or mental strength.

6. This spirit alone will solve perplexing problems. Only more rel

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

gion in the hearts of employers and employees will close the chasm between capital and la

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

or. Both parties need to go the “second mile” as Jesus taught. Matthew 5:41. -- Selected

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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There is a world out there that says you must be, how you must be, and when you must be, who you must be, and what you must be? have you ever asked yourself what you wanted and believe it to be pratical...

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Summary - Roger Babson and His Principles

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